Westpac personal loans

3.5
Based on 912 Westpac personal loan product reviews.
Fact Checked

Westpac is one of four major banking organisations in Australia known as the ‘Big Four’, and says it’s Australia’s first bank and oldest company.

Established in 1817 as the Bank of New South Wales, the company changed its name to Westpac Banking Corporation in 1982. It has around 13 million customers and an annual profit of about $7.2 billion (2023). 

Similar to the other major banks in Australia, Westpac provides customers with a wide range of personal finance products, including home loans, bank and savings accounts, credit cards and personal loans. It offers both fixed and variable unsecured personal loans.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more personal loans here.
Last updated 4 April 2025 Important disclosures and comparison rate warning*

Westpac personal loans

  • Personal Loan

    • Fixed, Unsecured
    Interest rate from
    7.99 % p.a.
    to
    20.49 % p.a.
    Comparison rate from
    9.18 % p.a.
    to
    21.61 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    No Partner link

  • Car Loan

    • Fixed, Secured
    Interest rate from
    6.49 % p.a.
    to
    12.99 % p.a.
    Comparison rate from
    7.69 % p.a.
    to
    14.14 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    No Partner link

  • Hybrid or Electric Car Loan

    Interest rate from
    5.99 % p.a.
    Comparison rate from
    7.20 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    No Partner link

  • Flexi Loan

    Interest rate from
    16.99 % p.a.
    Comparison rate from
    n/a % p.a.
    Upfront fee
    $150
    No Partner link

Sign up for rate alerts and news.

Westpac personal loan ratings

Overall customer rating for Westpac personal loans

3.5
Based on 912 product reviews.

Customer reviews

Important disclosures

Westpac products

Personal loan quick links


* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

^See information about the Mozo Experts Choice Personal Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.